SENSEX NIFTY
Apr 19, 2012, 12.16 PM IST | Source: CNBC-TV18

Buy VIP Industries, says Sudarshan Sukhani

One can buy VIP Industries, says Sudarshan Sukhani of s2analytics.com.

One can buy VIP Industries , says Sudarshan Sukhani of s2analytics.com.

Sukhani told CNBC-TV18, "VIP Industries is making an attractive consolidation pattern which is also a reversal of the correction that it went through. It is a buying opportunity, it is not an investment grade stock and a trader should be looking to go long in it but there is 10-15% upside from here. So it is worth looking at."

He further added, " GVK made a big move and it is not the only stock, Tata Power also made a similar move, so there is something going on in the sector itself. So GVK Power is being supported by the tailwinds on the sector. The target for the move that broke out yesterday is about Rs 20.5, so there is more headroom. Now you don’t have to buy it on the open today, always when big moves are made, traders who have patience make lot of money, you wait patiently, it will correct, it will consolidate but that is the time, it is worth taking a long position there."

 

 

Set email alert for

ADS BY GOOGLE

video of the day

India inflation to drop at startling levels in 2015: Walker

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.